Analysis of upstream end of graphite in China
Oct 16, 2022| Analysis of upstream end of graphite in China
Petroleum coke is one of the main cost sources of graphite electrode. With the continuous development of China's petrochemical industry in recent years, the output of petroleum coke in China is also growing, which provides sufficient guarantee for the development of China's graphite electrode industry. According to the data, the output of petroleum coke in China will be 30.295 million tons in 2021, with a year-on-year growth of 3.7%.
Downstream end analysis
As the pillar industry of China's national economic development, the iron and steel industry covers a wide range of areas and has a high degree of industrial relevance. It can be extended upward to iron ore, coke, non-ferrous metals and other industries, and downward to real estate, automobiles, ships, household appliances, machinery, railways and other industries. In recent years, the steel industry has developed rapidly driven by the sufficient supply of upstream raw materials and the continuous growth of downstream demand, and the output of its products has also increased year by year. According to data, China's pig iron output will be 868.57 million tons in 2021, down 2.3% year on year; Crude steel output was 1032.79 million tons, down 3% year on year; The steel output was 1336.67 million tons, up 0.9% year on year.